Ranchero Gold Corp.’s [TSXV-RNCH] wholly owned subsidiary Minera y Metalurgia Paika SA de CV (Paika) has entered into a letter of intent dated December 22, 2023, with Minas de Oro Nacional SA de CV, a wholly owned subsidiary of Alamos Gold Inc. [TSX, NYSE-AGI], for the proposed sale of Paika’s interest in four mineral licences
Prime Mining Corp. [TSX-PRYM; OTCQX-PRMNF] released expansion and generative drill results from its 2023 drill program at the company’s Los Reyes project in Sinaloa state, Mexico. Drilling at Las Primas has intercepted several new high grade mineralized structures that appear to have many similarities to Guadalupe East, located 500m to the northeast. This discovery highlights
Orla Mining Ltd. [TSX-OLA] has released its 2023 third quarter financial results and increased its full year production targets. The company said it now expects to produce between 110,000 and 120,000 ounces of gold this year, up from an earlier target of between 100,000 and 110,000 ounces. “The quarter was marked by continued operational outperformance
Luca Mining Corp.’s [TSXV-LUCA; OTCQX-LUCMF– FSE-Z68] expansion project to double throughput to 1,000 tonnes per day at its wholly owned Tahuehueto gold mine in Durango, Mexico, is progressing well and according to plan. The objective is to achieve an installed capacity of 1,000 tpd by year-end and announce commercial production in the first quarter of
Monumental Minerals Corp. [TSXV-MNRL; OTCQB-MNMRF] reported results from the maiden drilling program at the Jemi rare earth element (REE) project in Coahuila, Mexico, about 40 km south of the Texas, United States, border. One diamond drill rig commenced drilling on the Veladora North and South prospect areas in early July to test areas with a
Heliostar Metals Ltd. [HSTR-TSXV; HSTXF-OTCQX; RGG1-FSE] reported additional drill results from the Ana Paula project in Mexico. These two holes complete the drilling results that will be included in the resource update planned for November 2023. The holes form a detailed cross-section through the deposit. The regularly spaced and oriented holes show the remarkable grade
